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500 000 Mark Bayerische Braunkohlen-Industrie

Issuer Bayerische Braunkohlen-Industrie-Aktien-Gesellschaft
Year 1923
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Currency Mark (1914-1924)
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Obverse description Printed in dark blue on light blue-green paper, the note is framed by an elaborate guilloche border with ornamental corner cartouches each bearing the denomination '500000'. At the upper centre, a crowned heraldic shield displaying two crossed mining hammers serves as the central vignette. The text field carries the issuer's name in Gothic script, the place and date of issue, and the denomination spelled out in large Fraktur lettering 'Fünfhunderttausend Mark', with a manuscript signature below.
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Reverse lettering Wer Banknoten nachmacht oder verfälscht oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft
Das Ende der Laufzeit dieses Gutscheines wird durch Ausschreibung in den Tagesblättern bekannt gemacht. Die Einlösung erfolgt dann durch die nebenstehend aufgeführten Banken
Dieser Gutschein wird eingelöst an der Kasse der Gesellschaft in Wackersdorf, an den Kassen der Filialen der Deutschen Bank in München / Nürnberg Regensburg und Augsburg, an der Kasse der Bayerischen Hypotheken- und Wechsel-Bank in München und an den Kassen des Bankgeschäftes Karl Schmidt in Hof und seiner sämtlichen Filialen
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Bayerische Braunkohlen-Industrie-Aktien-Gesellschaft was a lignite mining company operating in Bavaria's brown coal fields, and like hundreds of German industrial firms in the summer of 1923, it issued its own emergency currency — Notgeld — when the Reichsbank simply could not supply enough physical banknotes to meet payroll demands during the hyperinflationary collapse. The 500,000 Mark denomination places this note in the transitional phase between the million-Mark issues of mid-1923 and the astronomical billion-Mark notes that followed within weeks.

Corporate Notgeld of this type was legally permissible under emergency provisions and was typically redeemable only at the issuing firm's cashier — meaning circulation was geographically and institutionally constrained from the start.

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